The London Metal Exchange said in a statement that due to a failure in some processing systems, the settlement of the contract with the delivery date of October 28 will be postponed by one day. The exchange said it experienced a technical failure on October 27, which caused a large number of transactions to be recorded as incorrect delivery dates. The delivery date will be postponed to October 29 to allow time for members and exchanges to correct relevant information in the system. Without further action, the incident “could have a significant impact on the settlement process.”
Zhitongcaijing · 1d ago
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The London Metal Exchange said in a statement that due to a failure in some processing systems, the settlement of the contract with the delivery date of October 28 will be postponed by one day. The exchange said it experienced a technical failure on October 27, which caused a large number of transactions to be recorded as incorrect delivery dates. The delivery date will be postponed to October 29 to allow time for members and exchanges to correct relevant information in the system. Without further action, the incident “could have a significant impact on the settlement process.”
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